This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Why are water companies considered a natural monopoly? What will be an ideal ... (Read 82 times)

fbq8i

  • Hero Member
  • *****
  • Posts: 527
on: Jun 29, 2018
Why are water companies considered a natural monopoly?
 
  What will be an ideal response?

Question 2

The percentage change in the quantity demanded of a good due to a percentage change in its price is referred to as the:
 
  A) price multiplier.
  B) price elasticity of demand.
  C) shadow price of the good.
  D) consumer surplus.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jointhecircus

  • Sr. Member
  • ****
  • Posts: 343
Reply #1 on: Jun 29, 2018
Answer to Question 1

Once one water company incurs the cost of establishing a physical connection to one customers' home or place of business, the marginal cost of providing service falls rapidly over time as more and more service is provided. For instance, once a main pipe is buried under a street, adding additional customers on the street is relatively chea

Answer to Question 2

B


fbq8i

  • Member
  • Posts: 527
Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

cpetit11

  • Member
  • Posts: 321
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

Aspirin is the most widely used drug in the world. It has even been recognized as such by the Guinness Book of World Records.

Did you know?

Common abbreviations that cause medication errors include U (unit), mg (milligram), QD (every day), SC (subcutaneous), TIW (three times per week), D/C (discharge or discontinue), HS (at bedtime or "hours of sleep"), cc (cubic centimeters), and AU (each ear).

Did you know?

Oliver Wendell Holmes is credited with introducing the words "anesthesia" and "anesthetic" into the English language in 1846.

Did you know?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

Natural selection of a population for dark coloration. Natural selection of a population for dark coloration.
Fossils are formed after an animal dies, decomposes, and is covered in sediment. Minerals in ground Fossils are formed after an animal dies, decomposes, and is covered in sediment. Minerals in ground
This portrait of Thomas Jefferson is considered an accurate likeness, painted when he was thirty-sev This portrait of Thomas Jefferson is considered an accurate likeness, painted when he was thirty-sev
Natural Products Used as Antineoplastic Therapy Natural Products Used as Antineoplastic Therapy
Coolant circulates through the water jackets in the engine block and cylinder head. Coolant circulates through the water jackets in the engine block and cylinder head.
Under ideal conditions, a single cell of the bacterium E. coli would divide every 20 minutes to ... Under ideal conditions, a single cell of the bacterium E. coli would divide every 20 minutes to ...
Video: Exercise and cardiac output

For a complete list of videos, visit our video library